Analyst: Spot XRP ETF will receive SEC approval ahead of other applied crypto ETFs

According to BlockBeats, on April 15th, analysts from Kaiko, a cryptocurrency research and data platform, believe that the superior market liquidity and Teucrium's recently launched 2x leverage product make XRP the leading asset approved by the US Securities and Exchange Commission (SEC) as the next spot ETF, following Bitcoin and Ethereum. As Paul S. Atkins, who is crypto friendly, is expected to replace Gary Gensler, who is industry unfriendly, as SEC chairman (Gensler resigned after Senate confirmation last week), a series of asset management companies including Bitwise, Grayscale, and VanEck have submitted more crypto related ETF applications in recent months, and the decision deadline is rapidly approaching. According to Kaiko's data, XRP leads in active ETF applications with 10 applications, followed by Solana ETF with 5 applications, Litecoin and Dogecoin with 3 applications each. XRP has the highest average 1% market depth among major centralized cryptocurrency trading platforms, indicating a large number of buy and sell orders near the current market price, which helps to create a stable market environment, reduce slippage, and make it one of the most liquid assets. Kaiko analyst stated in Monday's report, "A highly liquid spot market is crucial for creating efficient structured products, and the former SEC leadership is very sensitive to this